THE INVESTMENT PLAN FOR EUROPE

EUROPEAN FUND FOR STRATEGIC INVESTMENTSEUROPEAN INVESTMENT ADVISORY HUBEUROPEAN INVESTMENT PROJECT PORTALIMPROVED INVESTMENT ENVIRONMENT

Cork, 28 September2017

Patrick O'RiordanEuropean Commission

patrick.o'riordan@ec.europa.eu

The €315bn investment plan has the potentialto bring investments back in line with historical norms

2

2.533

2.683

2.6872.668 2.663

2.747

2.845

3.017

3.199

3.116

2.6742.706

2.7562.708

2.650

2.731

2.8682,918

3,027

3.019

2200

2400

2600

2800

3000

3200

3400

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Real gross fixed capital formation (GFCF) in EU28in 2015 prices, € bn

GFCF historical norm(range 21-22% of GDP)Baseline/forecast

Source: European Commission - based on 2016 Autumn forecast

forecast

Ireland - Public investment allocations

Source: European Commission (Ameco database)

0

1000

2000

3000

4000

5000

6000

7000

1995

1997

1999

2001

2003

2005

2007

2009

2011

2013

Transport

Communication

Housing development

Water supply

Health

Education

EUR million

4

Sustaining and strengthening the recovery:Virtuous Triangle

Growth Drivers :

investment

structural reforms

fiscal responsibility

European Semester/Economic PolicyCo-ordination

Infrastructure needs

• Government investment sharply hit during the crisis

• Infrastructure constraints rise

Housing

Public transport

R&D, ICT and education

Water supply and treatment

Environment and climate

• Key issue for competitiveness and durable growth

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Removing Barriers to Investment

• Education, skills, lifelong learning

• ICT skills shortage

• Access to Finance:

• Central Credit Register,

• Competition in the Banking Sector,

• More transparency in the processing of loan applications,

• and simplifying government supported schemes

• Legal services costs

• Planning and building regulations

Country Specific Recommendation (No. 2)from EU to Ireland

• "Better target government expenditure, byprioritising public investment in transport,water services, and innovation inparticular in support of SMEs. Enhancesocial infrastructure, including socialhousing and quality childcare…"

• See: www://ec.europa.eu/info/sites/info/files/2017-european-semester-country-specific-recommendations-commission-recommendations_-_ireland_0.pdf

Why an Investment Plan for Europe?

Investment & competitiveness gap

High liquidity in the market

Public budget constraints

Financial and non-financial barriers to investment

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Mobilise at least €315bn over 3 years for strategic

investments and access to finance via the European

Fund for Strategic Investments (EFSI) within EIB/EIF

Cooperation with National Promotional Banks

1. MOBILISING FINANCEFOR INVESTMENT

European Investment Project Portal (EIPP)

European Investment Advisory Hub (EIAH)

2. MAKING FINANCEREACH THE REAL ECONOMY

Predictability and quality of regulation

Removing non-financial, regulatory barriers

in key sectors within EU Single Market

Structural reforms at national level

3. IMPROVED INVESTMENT ENVIRONMENT

The 3 Pillars of the Investment Plan for Europe

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Operations to be consistent with EU policies and to supportany of the general objectives:

1. Research, development and innovation

2. Energy (ref. Energy Union priorities)

3. Transport

4. Information and Communication Technologies

5. Environment and resource efficiency

6. Human capital, culture and health

7. Support to SMEs and mid-cap companies, through localpartner banks and institutions

EFSI key areas

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Key sectors and areas

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Conclusions / Summary

● EFSI financing of €70 million. The Projectwill have a strong demonstration effectfor future health care projects to befinanced in the country, but alsopotentially for primary health careprojects to be financed across Europe.

● The project will facilitate the delivery ofaccessible, high-quality integratedprimary care services aimed at improvingthe health and well-being of the localpopulation. There is a clear economicbenefit because patients can return to theworkforce and be more productive as aresult of better clinical outcomes andshorter waiting times for treatment

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Case Study: 14 Irish Primary Care Centres PPP

EFSI SME financing

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Extend the duration and increase the firepower of the EFSIto mobilise at least EUR 500 billion by end-2020

EFSI: what next?

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Reinforced additionality More transparency Enhanced geographic

coverage More local technical

assistance through theEuropean InvestmentAdvisory Hub

Combination with other EUfunds

Reinforced focus onclimate action

3 ways to tackle the investment gap

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Aim: to mobilise at least €315 billion in investment across the EU

Make finance reachthe real economy• European Investment

Advisory Hub• European Investment

Project Portal

Mobilise finance forinvestment• European Fund forStrategic Investments• Cooperation withNational PromotionalBanks

Investment Plan for Europe: Pillar II

Create an investmentfriendly environment• Improving the

regulatoryenvironment

• Structural reforms

European Investment Advisory Hub

What is the Advisory Hub?

Launched in September 2015 as part ofthe Investment Plan for Europe, the EIAH

is a tool to strengthen Europe's investmentenvironment and improve the quality of

investment projects

A cooperation platform to leverage and exchangeexpertise among partner institutions (NPIs,Managing Authorities)

An instrument to assess and address unmet needsfor advisory support

A single access point to a comprehensive offer ofadvisory and technical assistance services

A joint initiative

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European Investment Advisory Hub

FAQs about the Advisory Hub

What is the geo scope ofthe Hub?The European Union

Is the Hub only linked to EFSIprojects?

No, support will not be limited toprojects to be financed by EFSI

(and/or the EIB)

Does the Hubprovide financing?The EIAH does not providefinancing of any sort. Requestsfor financing addressed to theHub are redirected to relevantresources as appropriate.

Who concretely deliversthe advisory support

provided via the Hub?Experts of the EIB, its partnerinstitutions and/or appointed

external consultants

Is the support provided viathe Hub free of charge?

In most cases, yes. A contributionmay be requested from privatesector beneficiaries in order to

align interests and ensureownership of results

Does the Hub have localoffices?Currently the Hub operatesmainly via the EIB headquartersin Luxembourg and its localoffices. A network of localpartner Institutions is developing

€

€

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EuropeanInvestment

Project PortalThe meeting place

for promotersand investors

EU ProjectPromoters

Public/Private

InternationalInvestors

Community

• Second pillar of the Investment Plan for Europe

• Meeting point enabling EU-based project promoters to publish their projects and reach potential investors worldwide

• EIPP went live in June 2016 and promoters can submit projects in all 24 EU languages

• Continuous Web development/improvement: for investors and promoters

European Investment Project Portal (EIPP)ec.europa.eu/eipp

EIPPObjectives of the PortalEIPPObjectives of the Portal

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EuropeanInvestment

Project PortalThe meeting place

for promotersand investors

Key figures about EIPP

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KNOWLEDGE & DIGITALECONOMY

48 projects

ENERGY UNION

52 projects

TRANSPORT

61 projects

SOCIAL INFRASTRUCTURE& OTHER

51 projectsRESOURCE&ENVIRONMENT

29 projectsFINANCING FOR SMES &MID-CAPS

8 projects

192 projects published; projectswith two sectors are counted asone for each sector.

EuropeanInvestment

Project PortalThe meeting place

for promotersand investors

Does myproject have tobe based in the

EU to bepublished onthe Portal?

Does thePortal

providefinancing?

Is the Portallinked to

EFSI?

Is publishing aproject on thePortal free of

charge?

As aninvestor, do I

have to beEU-based?

Yes. However,cross-border

projects with non-EU countries arealso permitted as

long as theinvestment takes

place, at leastpartially, in one of

the EU MS.

The EIPP doesnot providefinancing.

It acts as abridge between

EU-basedproject

promoters andinvestors

worldwide.

No, thepublication of aproject on the

Portal is neithera guarantee of,

nor aprecondition forobtaining EFSI

financing.

Yes, publication isfree for allprojects.

No. Investorscan be basedanywhere inthe world.

FAQs

Investment Plan for Europe

EIAH

EIPP

www.ec.europa.eu/invest-euwww.eib.org/invest-eu

www.eib.org/eiaheiah@eib.org

EFSIwww.eib.org/efsiwww.eif.org/what_we_do/efsi

Contact for promoters: info@eib.org or relevant EIB Operationsdepartment

www.ec.europa.eu/eippeipp-helpdesk@ec.europa.eu

#InvestEU

Thank You – useful links and contacts

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#EIPP

European Commission Representation in IrelandEurope House12-14 Lower Mount Street, Dublin 2Telephone (01) 634 1111

Email eu-ie-info-request@ec.europa.euTwitter https://twitter.com/eurirelandFacebook https://www.facebook.com/EUIreland

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